Financials,
Budgets and Assessments
This page provides information about the resources available to you regarding the financial matters of the Association. Financial statements, annual budgets and reserve studies are uploaded to this page.
1
Financial Statements:
Financial statements (balance sheets and income statements) are made available to homeowners. The Monthly Profit & Loss statement reports the operations of the Association, as well as reserve expenditures. The first page and down to "Net Ordinary Income" reflects operating income (dues) and expenses. Below"Other Income" (near the bottom of the page) shows the detail of monthly activity in the reserve fund. The Balance Sheet combines both funds.
Annual Financial statements are restated, separately showing each fund's performance for the entire year.
2026:
May 2026 IPOA Financial Statement
April 2026 IPOA Financial Statement
March 2026 IPOA Financial Statement
February 2026 IPOA Financial Statement
January 2026 IPOA Financial Statement
2025:
2025 Restated Financial Statement
2025 IPOA Financial Statement
2024:
2024 Restated Financial Statement
2024 IPOA Financial Statement
2023:
2022:
2021:
2
Annual Budgets:
The annual operating budget is generated as a collaboration among the Board, the Finance Committee and Key Stone Management. Our goal is to be realistic and accurate with a focus on minimizing costs and maintaining an adequate reserve fund. We monitor economic factors including interest rates for the Association's cash holdings, home sales activity with the community, and try to be prepared for unexpected expenses.
3
Reserve Studies:
At the Board's discretion, a Reserve Study is conducted to update and re-assess the needs for repair and maintenance of the community's roads and irrigation systems.
4
Assessments:
The monthly homeowner assessments are split between the obligation to the Club and the operations of the Association to maintain our common areas and roads. Each year the Budget is presented to the homeowners at the Annual Meeting, with a recommendation to adjust assessments if necessary to accommodate operating needs and to maintain the reserve fund. See the Dues Page of the website for the current assessment charges.
Let's Work Together
The Board works hard to manage the financial concerns and budgets of the POA. Feel free to reach out to any of the Board Members if you have any questions. Watch for notices of upcoming meetings as you are welcome to attend!